KPMG Wants to Help College Students Find Jobs (Presumably, Even the English Majors)

KPMG LLP, the U.S. audit, tax and advisory firm, announced today the release of the KPMG GO app for iPhone® and iPad®, designed to provide tips and information to help college students in every major launch their job search in today’s competitive employment environment.

Available for download in the Apple iTunes Store, KPMG’s new application delivers fresh videos, articles, blog posts, Q&As, and branding tips from its partners as well as its professionals in HR and campus recruiting. “Today’s students face a very competitive market and need every advantage to make a good impression and secure that first job,” said Blane Ruschak, KPMG’s executive director of university relations and recruiting. “We are excited to offer a resource that provides helpful and practical advice to young adults entering the job market.” [KPMG]

Former Big 4 Auditor Who Took a Break Needs To Get Back In the Game

Sometimes, life is more important than work. For this former Big 4 auditor, a little life situation forced him out of the game before he got his 2 years and now he’s trying to elbow his way back in.

Hi Adrienne,

I worked in big4 audit for just over a year, but I had to leave the firm soon after that for family reasons (to care for a loved one). It’s been 2 years since then, and I haven’t worked at all (my choice). The good news is that I just passed 3 of 4 sections of the CPA, and I expect to finish it up this month.

The thing is – I need help getting back into the work world now. Do you have any tips for getting back “in the game,” so to speak?

If it helps, I’m really looking for a huge change of pace from big4 auditing – something where there’s little travel, and that’s not nearly as stressful as Big4. I think I would like something where there’s only a one or a few persons I’m reporting to, and where the nature of my work is much more technical/specialized. Something that involves technology would be a big plus (I love Info Tech, and I’m good with it). I’ve looked at private accounting/finance-type positions, but it seems many of them want a minimum of 2 years of working experience. Having Big 4 is great experience, of course, but is 1 year worth much? I also worry about what they will think of a 2 year gap on my resume.

I know a few small mom&pop-type tax CPA firms I could work for, but I worry the work-life balance in these jobs isn’t going to be too much different than Big4. I am also considering government positions.

Do you have any tips for someone like me?

Thanks very much.

~ newbie/CPA2be w/ ONLY 1 year of entry-level big4 audit experience

First off, it depends on where you are. If you’re in the middle of bumfuck nowhere, your options are limited (as I’m sure you’re aware) but if you’re in a major market, you’ve got the option to start networking. Like we’ve advised other folks, you can do this by hitting events held by your state society of CPAs, the AICPA, or other professional organizations.

Second, you’ve got a great excuse if anyone actually asks what you’ve been up to lately. Be honest but not too upfront about this; meaning you don’t have to badger HR about it but have a good explanation ready if you are asked.

You are correct that smaller firms aren’t much different than Big 4 in terms of the amount of work you’re going to be doing, the only difference might be travel. It sounds to me like you have some options, so I’d start by exercising those. Depending on how long you took off to care for your sick family member, you may not have to put in a full two years to get your license.

Based on what you’re looking for, I would suggest seeking out a small (not mid-tier) firm with a couple partners, not some multi-national with tons of clients. If you love IT, try to find someone already in this area willing to take you under their wing, or at least give you some good guidance from their perspective.

I’m not too worried about you, sounds like you have it figured it out and just wanted us to confirm that you aren’t completely fucked. You aren’t.

The Greatest Farewell Email We’ve Seen…EVER

Subject: And When I Leave Come Together Like Butt Cheeks

You can figure out where this is going to go based on that alone, I’m sure.

Predictably, this email has been making the rounds since it was sent. If the OP was shocked it went viral in public accounting inboxes up until this point, wait until he sees it here. Names have been changed to protect the innocent, including the OP, who isn’t innocent at all but still deserves that. I think.

Hey Motherfuckers!

Guess who just got the fuck outta Dodge?! This guy! How many people had Craig Douchenozzlestein lasting until August 4, 2011 in the YMP pool?

But seriously, it is NOT easy to get out of these contracts. Im pretty sure it would have been easier to escape from Auschwitz th knew from the second week I start here that this wasn’t going to work out. I mean, working past 7pm cuts significantly into my drinking and foundling women time. So therefore, since October 28, 2008 when I was forced to work until 10pm on my fucking 23rd birthday, these wheels have been in motion.

I feel like it is probably appropriate to go over what got me to this point of release, in case anyone wants to take a similar approach and not have to pay back any tuition money and get a severance package.

The first breaking point for EY was during my staff 2 year when I lost an inventory count and the bitch of a senior manager WOULD NOT stop hassling me about it. Dude, I told you I lost it. No matter how many emails or sametimes you sent me, that sheet isn’t coming back. Get over it. Rose cried less when the Titanic sank. Needless to say, he personally wrote my review. Didn’t go over too well during roundtables.

The next “occurrence” happened in February 2009 during busy season. It was a Friday night and I was newly broken up with [the girlfriend] for the 24th time. That Saturday I had to work on [rando client] in the office because we just received their 10K. However, this was a minor inconvenience because 2 buddies from college were in town and I had a kitchen full of liquor waiting for them. During that night at the bars, I hit it off with one of the girls in our party and, as any guy knows, the first lay after a break up is as necessary as oxygen. So we leave to go back to my apartment only to realize I had given my buddy from college my keys so he could get in later. In a crime of passion and lack of forethought, I punched through our glass window to get into the lobby, only to realize the door to my apartment was still locked. Not letting this stop my teenage sex drive, we hopped a 30 minute cab to her place. The next morning I awoke at 11am realizing I should have been at work 2 hours ago. By the time I got to work it was 1pm, I reeked of booze and was bleeding all over the place because of my hand. AND I had forgotten my badge so called the senior manager to come let me in who greeted me with a “what the hell happened to you?” I also found out I had texted my senior the prior night while in the cab saying “Getting laid in West Randombury, Ill be at work ASAP” at 3am. Needless to say, my year end review mentioned something about “unprofessional” and “this is a career, not some part time job”

Those 2 situations resulted in me being held back for my staff 2 year. After that, there was not much anyone could do that would prevent me from doing what I wanted to do. I worked from home, ignored deadlines, and pretty much didn’t give a shit. I even made up some bullshit excuse that I was stuck travelling back from the Kentucky Derby in Pennsylvania during a 3/31 year-end just so I could catch up on the DVR I missed while away for the weekend.

The final straw that broke Camel Craig’s back resulted from a year-end job at the beginning of January. The Manager was a complete bitch and I spent most of my day exchanging texts with a girl I had met the prior weekend at the bar. She did not take kindly to this. But the breaking point for her was definitely when I didn’t show up til 2pm on that Friday because it was my roommates birthday the night before. Everyone knows Roommates birthday=Your Birthday, right?!?! That’s another thing that gets me about this place, everyone is so caught up in work they forget about enjoying life. Shit, life is so short (especially if you are a raging alcoholic) and is way too short to spend stressing over excel sheets all damn day. Every once in a while enjoy it! Take a sick day to go to the beach. Get hammered on your roommates birthday and come in late, have unprotected se…. well, maybe not too much enjoyment. But you get the message!

But I digress, I truly enjoyed my summers with you guys and the shit we got away with. I hope I was able to have a positive effect on your lives in some way, even if it was just “damn, at least Im not as bad as Craig . Did you see him lick the Backer pole last night?!” I hope you all keep in touch and wish you the best down the road.

If you guys are ever in the Random City area, Im always down to meet up. Just no rioting like we did when Joey and Dan were here.

One Love,

Craig

Good luck to you in your future endeavors, “Craig,” you’ll need it.

Please note, we’re pretty sure this guy is a one-off and not at all reflective of the overall quality of his colleagues. Therefore let’s reserve any judgments for Craig and Craig alone. Judge away, my darlings.

Can Someone Help This Guy Know What It Feels Like To Be Wanted?

I am pretty sure some of you have some sage advice for this poor lost little sheep who can’t seem to elbow his way into the Big 4.

I have a question. I go to a small college where I am an accounting major. I hold a high GPA, several internships, involved in campus activity and in the community and a member of a fraternity. I understand that your resume is not going to get you an interview with one of the big 4. However, since I do not attend a school that the big 4 recruit from I am not able to gain any face time. I cannot get the time of day from any recruiter because I am not in their “pipleline” and I am always told that they willl keep it for consideration come time to recruit in the fall. I have networked like crazy through alumni of my school, my fraternity, my friends, my church, and my community. I am always referred to the recruiter and then I am always told that I will be considered. If you can shed any advice on how to obtain an interview from the big 4 that does not recruit your school I would appreciate it. I am I just out of luck and should of went to a bigger university?

Ahem. “Should have gone to a bigger university” for starters. This particular OP also attached a resume which I obviously won’t share and didn’t even open. I didn’t need to. And I’m a no-CPA-having, pissed off blogger, imagine what Big 4 recruiters would think reading a submission like the one above.

When you say you’ve “networked,” what exactly does that mean? “Networking” with your fraternity usually doesn’t have anything to do with work, and unless you are a member of the St H&R Block congregation, I’m unclear as to how your church is helping you get in at the Big 4. It’s good that you are making the rounds to get advice and support on this but the best thing you can do is evaluate your own way of approaching this because something obviously isn’t working.

In any correspondence with the firm, double-check this list to make sure you aren’t making any of these. I wouldn’t dare say working at the Big 4 is like rocket science or that you need to write a perfectly-worded dissertation to get in but maybe your fraternity experience is better expressed in person than written. You’d probably do great at a recruiting event if you had the opportunity to go to one.

There is a back door you can take by attending other professional events to see if you can meet someone who knows someone that likes your __________ (knowledge; ability to be molded into whatever they need; desire to please people whose job it is to bullshit you into one more busy season) and get you in. I don’t think writing to these people is going to help you.

In short, your fast track to the “pipeline” is to make yourself marketable and desirable to these bloodthirsty sharks. Slit your wrists in the water if you have to knowwhatI’msayin.

In a followup email to the OP, I asked “How are you approaching these recruiters? ‘Hey I kinda want a job with you guys’ or ‘I have x to offer and will take y assrape in exchange for it’ ?”

“I am pretty assertive so I am probably approaching it the second way you mentioned it. I am not sure if I would want to stay forever but, I want the name on my resume and I am willing to put in the time while I am young and single,” he wrote. I’d have to see his communications with recruiters or HR shlubs to confirm if he is being explicit about the level of assrape he’s willing to endure and for how long.

They can smell it, you know.

How To Make Yourself More Marketable In This Economy

Lately, it feels like a lot of you are trying to jump ship, rally against “The Man” or trap a firm into poaching you like a 19-year-old actress catches a predator. Maybe you guys have always been like that and it only feels like it’s happening more often now that we email each other about it but I’m sensing a pattern here.

Anyway, there are a few things you can do (and a couple you absolutely shouldn’t) that can help you on that road. Maybe these are obvious to you; if so, congratulations. Let’s just go over them again anyway, not everyone is as good at this as you.

1. Learn IFRS. Or at least have a baseline knowledge extensive enough to fake it when you have to talk to people who actually care and/or know more than you. What this means is that you can either take a class, some CPE, maybe get a “free” masters on your firm’s dime or read a damn book. Whatever you do, remember that unless you are at an IFRS conference, chances are you don’t have to be an expert on the matter, just knowledgeable enough to appear as though you have some idea what you are talking about. If you have the opportunity to actually work on IFRS financial statements at work, do it. It’ll be an awesome item on your resume.

2. Don’t get a useless degree. “Useless” is, of course, defined by how far you want to go and where. Please take inventory of your personal situation to define “useless degree” for your own circumstances. For some of you, this is a MAcc. For some, it is an MBA from a for-profit. For others, it is a bachelors in philosophy. Whatever it is, avoid it at all costs, even if you can afford it. Get by on your merits and don’t waste your time pursuing education you don’t need. If you’re that bored, find a hobby.

3. Learn how to play the game. You can’t negotiate a better salary if you are spending half the day on the Internet interrogating strangers about their salaries in our comment section. We don’t care either way but if you are trying to elbow your way into a better salary, you may have to actually try to set yourself apart from your slacker colleagues.

4. Pass the CPA exam. Before some troll shows up and asks me why I haven’t done #4, I’m not trying to market myself as a CPA, writing about this and helping actual CPAs have a single “water cooler” to sit around is much more fulfilling. For people who actually want to work in this industry, this one is pretty necessary. If you actually focus on getting it done sooner rather than later, you’ll save yourself a lot of pain later down the road. As for me, I’m sure I’ll be deflecting this same troll 5 years from now when you’re making way more money than I am writing these articles. Feel free to rub it in.

5. Know your enemy. Some of you are vicious, money-grubbing pricks and I really love that about you. If you believe it when partners say “you really have potential” and tossed a few extra back at your recruiting events to “loosen up a bit,” you’re going to have to understand what it is you want and how best to get it. For some of you, more money is enough until you want more money after that. For others, you just want to experience the thrill of being wanted by several firms at once. Whatever your vice, you need to analyze your own strengths and weaknesses before you try to get three firms to bitchfight over who gets to have you. You can’t negotiate if you’re delusional about what you offer to any of them.

Big 4 Wanna-Be with Displaced Apostrophe Disorder Wants to Make the Jump From a Regional Firm

Ed. note: Welcome to the final edition of Decide My Life For Me for this week. Thanks to all of you for keeping the shenanigans to a minimum while I attempted to fill Caleb’s comically large shoes (come on ladies, you know what they say about a man with big feet…) as editor this week. I will still be running the show for the first half of next week so if you have a question for me, DWB, Caleb or the homeless guy I let be my “Associate Editor” in exchange for cigarettes and half-eaten sandwiches, get in touch. Have a great weekend.

Dear Going Concern,

I am a third year auditor at a regional accounting firm. I was recently contacted by one of the Big 4 and decided to interview with them. Two days later, they called and gave me an offer. I told them I would think about it and get back to them. Well, here is my dilemma. I am very well respected at my firm and was awarded a mid-year bump in salary due to my outstanding performance. The partner’s [sic] at the regional firm tell me that I have a great future at the firm. However, it has always been my goal to work for the Big 4 and I finally have my opportunity. As far as compensation goes, the Big 4 company is bringing me in at roughly $7k more than I make now. The question is, should I continue to work for the regional firm where I know I have potential and respect, or should I go into the light and work for the Big 4?

Sincerely,
Dazed and Confused


Dear D&C,
Here’s a baseball story for you.

Essentially, you’ve been playing for the Pittsburgh Pirates for the past three years. You have a small (but dedicated!) fan base, a decent stadium, and food court options that – depending on the season – are the reason fans even come to games. Your coaches are “good, not great,” which is basically a phrase that can be used to describe most aspects of your team. It’s a good job, you can pay your bills, and generally enjoy coming to work every day.

But you just interviewed with the in-state Philadelphia Phillies. League dominators, more fans, more national exposure, higher-caliber players, and oh yeah, a big bump in pay. Your coaches in Steel Country are all telling you that you have a bright future there, but you don’t have to look at the last 20 years of business to realize it doesn’t compare to the past five in Philly. Of course you have potential and respect in Pittsburgh, and sure, your teammates might verbally crap on the fan base in Philly (who doesn’t, amiright?), but come on – why wouldn’t you move?

Back to reality: better clients, better pay, better opportunities, bigger network, more resources.

You can always return to Pittsburgh.

Corporate Accountant With a Broken Shift Key Seeks New Career

(Only until Caleb stops hitting on hot Polish girls) Ed. note: if you have a career question for our team of accounting drop-outs plus the one loser who never took the CPA exam, get in touch.

I am a young professional, I have an undegrad [sic] degree in finance and am finishing a masters in accounting. I’ve worked for 2.5 years in corporate accounting and 3 years in accounting/finance for a university. I have no public accounting experience. I want to gain a role in transaction advisory or the like.

I was recently offered a job with a small/mid size public firm in a Senior Associate role for their transactions group. The offer is 60k. should i jump at this offer, am i lucky to get a senior role? Should i hold out for a public firm in an associate role?

Can i make the jump from the midsize firm as a senior to a big 4 as a senior in a few years?

Thanks!
[Name redacted for privacy reasons. Let’s call him Barnabus]

Barnabus,
I’m going to keep this short because the financial world might come to an end before I reach the fourth paragraph.

I suggest you heed the Blacksmith’s advice and strike while the iron is hot.

The transaction advisory groups across the public accounting spectrum are heating back up from their frigid days of ’08 and ’09, with hiring numbers up for both the experienced and entry-level channels. Although your degrees will serve you well in your career, your 5.5 years of experience don’t bring much relevant experience to the table. Would it be nice to wait and see if you can land a transaction advisory role at a Big4? Sure. But with the market down 200 300 400 OMFG 500 POINTS TODAY, unemployment spreading like viral Bieber videos, and the economy stuck in park with four blown out tires and an elephant sitting on its trunk, you take the open door and thank your lucky #*&@ing stars your particular iron is hot. You have an opportunity to make a move right now in your career that will put your career on the track you want.

Would-Be Audit Noob Struggles With Picking a City (After Already Picking a City)

I’m pretty sure this isn’t a troll and this guy actually wants to know if this is OK. I have some location-based advice having lived in that area for over a decade, hoping you guys can fill in the rest. What would be the etiquette on this?

I am starting with a Big 4 firm in a little over a month in their San Jose office. However the more that I think about where I want to be and the housing options available I am more interested in San Francisco. Would I be risking my offer by asking to transfer so late in the game?

If it matters at all, I have heard from a friend in the SF office they are still looking to fill a few entry level audit positions.


Are you kidding me? You’re trying to kick off your career as “that guy” (don’t think recruiters aren’t tweeting amongst themselves all the time; you will get talked about) over the difference of a 45 minute drive. I could understand if you were struggling between New York and Los Angeles (with tail and good salary potential in both relative to cost of living and actually being able to enjoy the apartment you pay too much for) but you’re within the same metro area. San Jose isn’t that bad and you have the advantage of being able to “escape” city life to some extent when you are not actually at work.

Would you be risking your offer? Did you sign it? Did you feel like it was right at the time but now think a handful of miles will be worth considering that bridge burned?

But living in San Jose means you don’t live in the thick of it. San Francisco is fun to visit and great on paper but after a few years, it gets really old. You’re already putting yourself through life in the Big 4, why make that worse by also subjecting yourself to guys peeing on the Muni and those damn grey speckled recycled blankets everywhere? What makes you more interested in San Francisco?

In your copious amounts of free time, you can drive near San Francisco, BART in, enjoy yourself a paper-bagged PBR and BART your ass back to the San Bruno parking lot and retreat back to your San Jose lair. It’s practically like being in San Francisco.

If you haven’t actually signed the offer, you could try to get a lead on “your friend’s” firm; tell them unsubstantiated rumors are one thing but calls from HR are another. I’d advise against rejecting the San Jose firm’s offer without having some sort of reasonable assurance (bleh) that the San Francisco office actually wants you but with less than a month to go, you better have started pursuing that yesterday. I assume you don’t have the luxury of doing this in person; if you were local, you would know San Jose and San Francisco are pretty much the same thing if you are talking about money but there’s also a quality of life issue here that you need to look long and hard at.

If you still like this idea, please go read So You’re Moving to San Francisco by Twitter API lead Alex Payne. I’m not trying to talk you out of it, I’m just asking you to really think this through before you screw yourself in San Jose. If you signed the offer, you should do the grownup thing and suffer through it for two years like everyone else. Then once you are sufficiently jaded, have passed the CPA and have the work experience to get the actual license, you are more than welcome to bail on the firm after the competition in San Francisco poaches you.

The market is not that good to allow you the opportunity to get this picky unless you are an Elijah Watt-Sells winner, 4.0 MAcc superstar or putting out. A lot.

Introvert Needs Help Conquering Recruiting Season

(Just for this week) Ed. note: Have a question for our team of smart-mouthed jerks? Struggling to find your place in this big scary world? Want us to hold your hair back while you puke? Whatever, email advice@goingconcern.com and we’ll do our best to answer your question in the least offensive way possible (unless it’s a dumb question, in which case we will do our best to humiliate you in front of everyone to make ourselves feel better).

Today’s question is one that I’m sure a lot of you can relate to. Not me, of course, being the boisterous, life-of-the-party, attention whore Type A personality that I am. That’s why I enjoy covering accounting events, I am automatically the life of the party no matter hof it I’m feeling that particular day.

But we can’t all be obnoxiously on all the time. Like this reader, who reaches out to us, heart in hand, for some real advice on how to shine at those all important recruiting events and beyond:

As you probably know, recruiting season is going to start soon. I was hoping you could publish some advice on how to talk to recruiters and people who come to social events that the firms hold. I’ve already passed all four parts of the CPA exam and had a 3.9 in undergrad. I decided to do an internship with a Fortune 100 company between my undergrad and masters. I also have done a lot of volunteer work, outside activities, etc. I’m about to start my Masters of Accounting soon. While I’m not too worried about whether I will get an interview or not from accounting firms, I am a little shy when it comes to meeting new people but I’m not a socially inept. In addition, when I was going through recruiting last year, I felt like I (and all of the couple hundred Beta Alpha Psi other students at my school) was asking the same basic questions to everyone I met at these recruiting socials. These people must be bored to death answering the saying the same thing over and over again. What are some things I could ask them that would really peak their interest and stand out from the crowd? What are some things that one should definitely NOT mention during these socials?

Any advice would be much appreciated!

Thanks,

Shy Girl

First, Shy Girl, we wouldn’t be doing our job if we didn’t start this off by saying you picked the right career! Many of your colleagues are just as averse to social events as you are, if not more, so remember how low the bar is set next time you’re feeling awkward and out of place.

Second, those people probably are bored to death but that’s not your fault, it’s the profession’s. Let’s face it, there are only a dozen or so “event appropriate” discussion topics to cover at one of these clusterfuck socials; professional sports (a toss up as not everyone cares about sports), the weather, FASB pronouncements, news (touchy, you don’t want to talk about the latest serial killer to be executed in your state), trends in the profession (recruiters probably couldn’t care less), your work safe outside events… you get the idea.

Things you will want to avoid are pretty obvious: don’t get into political debates and actually, while you’re at it, try to appear fairly neutral when it comes to most current events so as to present yourself as “independent.” You can discuss the debt ceiling or elections or simplification of the tax code but do it in a politically-neutered manner and try to talk about other, more interesting things that you are passionate about like your volunteer work. When you talk about something you love doing or learning about – like, say, me talking about the Fed balance sheet at an AICPA Council dinner – people tend to be drawn into the conversation. Don’t nerd out and hold a group of interns hostage talking about the litter of puppies you single-handedly saved at the animal shelter but talking about things you enjoy doing will help you to come off as passionate about something.

Your credentials speak for themselves so don’t get too caught up in trying to be someone you’re not. Try not to ask recruiters how they feel about ________ (insert latest FASB pronouncement here), as no one gives a shit about that and it only makes you come off as a know-it-all. Listen to what they are saying and react accordingly; people really love it when you show them attention by actually tuning into the words they are saying.

Anyone else have some useful suggestions for her? Let it launch in the comments.

Does Anyone Want to Work for the Federal Reserve?

With Caleb way way out of town, I’m finally able to talk about the Fed. In this case, I figured I’d make it useful for those of you looking for non Big 4 careers but unsure where to start.

The Fed has money. Your salary, were you to use your accounting degree to work there, would come out of the money they allegedly return to Treasury each year as “profit,” so they can pretty much make up any number. A luxury Uncle Ernie just doesn’t have.

This is just my personal experience (having dated an accountant who worked at the SF Fed in a former life), to qualify you probably have to have a sick attention to detail (I won’t go so far as to use the word anal but you get it), enjoy a rigid schedule (he would get up at 3 in the morning every work day) and possibly play too much WoW (self-explanatory). I know several of you who read this site that completely fit that bill, so read on and see if you want to get on this sweet money gravy train:

As the central bank of the United States, the Federal Reserve’s mission is to provide the nation with a safer, more flexible, and more stable monetary and financial system. For us to succeed in meeting this public mandate, we depend on the expertise, judgment, integrity, and dedication of employees with various skills, backgrounds, and training. As a Federal Reserve staff member, you will play a critical role in accomplishing this mission.

You can finally use your Masters for something useful in exciting areas like Financial Analyst/Bank Examiner, Bank Supervision and Regulation, or Consumer and Community Affairs.

Individuals interested in a career as an analyst should have a degree in business administration with concentration in accounting or finance, and experience in financial analysis as it relates to banking. Knowledge of the laws and regulations governing banks and bank holding companies is preferred. A master’s degree is required for most higher-level positions.

That’s at the Board, where they still have to pretend to be government. But the regional banks need number-crunchers too, so if you are in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, San Francisco or St. Louis, check with your local regional Fed bank to see what’s available. There are also smaller branches in places like Salt Lake City, Portland, Baltimore and Houston, they may need some warm bodies to count the beans or supervise said counting of beans.

The New York Fed in particular has some exciting openings in Financial Institution Supervision and Audit worth checking out if you’re close or considering a move to that market.

Here’s a decent (if slightly outdated) report on Fed bank pay to give you a general idea what they’re working with. According to Glassdoor, a Senior Accountant at the Boston Fed makes around $70k, although from what I’ve read from others, starting pay at the Fed is significantly lower than Big 4 starting salaries in comparable markets.

Any takers?

Can Any Big 4 Folk in Nashville Help This Young Lady?

A call for action, Nashville market, we know you’ve been dying to have your moment in the spotlight.

I currently work for a Big 4 firm but I’m looking to move to Nashville. I know firms vary from each city and would like to get information on Nashville before deciding to try and transfer or see if there were openings in other firms. I would like to know the sizes of the different office and the clients for each firm. Is there any where that shows this information? I’ve tried searching online and can’t find anything and was hoping I could get input from anyone who has worked in that market.

Nashville, huh? We’re guessing there must be a man involved here but without knowing the specifics, you’re doing the right thing by sniffing the market out first. You probably already know that you’re not going to be making San Francisco or New York money but hopefully we can get some info for you.

If no one is going to speak up, there’s always Glassdoor. It lists Deloitte manager salaries in the $60 – $105k range. You didn’t say what firm you’re looking at (or if you care) but that’s a start.

Philosophy Major Considering a Big 4 Career Needs a Reality Check, Better Grades

(Acting) Ed. note: if you have a question for our team of highly knowledgeable monkeys, email advice@goingconcern.com and we’ll be happy to make fun of you in front of your peers, superiors and the Internet-at-large, unless it’s a good question, in which case we will do our best to give you awesome information.

Hello!

I found the advice column on your blog so I thought I would ask you this question:

I recently graduated from a state school in the California State University system as a Philosophy major. My original plan was to go to law school, but I am now thinking I may want to go into accounting instead (due to the terrible job market for lawyers and the 150k debt I’d be faced with). Parike to work at a Big 4 firm. Is this change possible? I found a “Post-baccalaureate Accounting Certificate” at Portland State University (I’d like to end up in Portland if possible). Does that program have any chance of helping me land a Big 4 job, or does it lack prestige? If you’d like to suggest the best post-bac/master’s program for me you should know that the only math I’ve taken is statistics 1, and I’ve taken micro econ and macro econ, but aside from that I’d be starting from scratch. My undergrad GPA is 3.13, which I believe is a little low for the Big 4. Could I make up for that with a good post-bac certificate GPA, or perhaps a good master’s GPA if that is the route I should go?

Thank you for your help!

Listen, Ambulance-Chaser-cum-Capital-Market-Hero, you need to slow down and do a little more research on the Big 4 before you even attempt this stunt. The Big 4 don’t want some 3.13er who originally picked a different profession and then just kind of stumbled upon accounting as a more “viable” option due to the long-term (or even short) career opportunities. Sorry the law school plan didn’t work out but no allegedly prestigious firm is going to want you with your “certificate” (unless it is one of these) and low GPA. So if I were you and actually attempting this, I would be sure to spin those particular details into as much gold as possible. Don’t lie but don’t be so upfront about it either.

You admit that you’re new here so I won’t rail on you too but hard I will highly recommend you catch up on some advice columns (and especially their comments) we’ve done before. If we can sniff out your “well looks like you’re the only viable option” attitude via email, I can only imagine which method recruiters will use to avoid your emails and talk about you behind your back.

You still have a chance here if (and that’s a huge if) you actually want to do this, get yourself into a real program and not some funky certificate program, you might as well get a degree from some adult college advertised during Maury Povich for as much good as that will do you. And for Christ’s sake, at least try to pull a 3.8.

Fast track the CPA exam if you can but I get the sneaking suspicion that you are one of the candidates who will end up having to take BEC 7 times based on the fact that accounting is not your background and you don’t seem all that excited about the prospect of ticking and tying your good years away for “The Man,” but are instead focused on making a few bucks in an industry that’s still actually hiring because your first choice is a really awful one. In my experience, those who do best on the CPA exam are those who actually want to do it (shocking, I know). The ones who are forcing themselves because of the economy, their parents, their boss, etc are the ones who fail miserably over and over, usually with infuriating 74s. If you managed 4 years of philosophy, you’re probably too right-brained for the CPA anyway.

Big 4 recruiters do hit Portland State but you’re going to have a hell of a time explaining to them what you did with the last four years of your life and convincing them that you’re in it for the long-term and not just to have a job ’til the economy looks better.

We’re not going to do your job for you and recommend “the best” program for you, but nice try. We recommend Google, it’s a pretty helpful career tool. That’s how you found us, right?

I’m not saying it can’t be done but you need to be realistic here. The industry has already reached its quota of useless, mediocre assholes who don’t know which side debits go on. If you’re OK with being an AP clerk or working at a smaller firm I say go for it but with your “credentials,” I wouldn’t count on having to beat off the Big 4 recruiters with a stick any time soon.